Global Coffee Shops Market to Reach $201.4 Billion by 2027

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May 12, 2021, 10:40 ET

SAN FRANCISCO, May 12, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Coffee Shops - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: May 2021
Executive Engagements: 9923
Companies: 356– Players covered include Costa Coffee; Cafe Coffee Day; Caffe Nero; CaffeRitazza; Caribou Coffee Company; Coffee Beanery; Coffee Republic; Dutch Bros Coffee; Gloria Jean`s Coffees International Pty .Ltd.; McCafe; Peet`s Coffee; Second Cup Coffee Co.; Starbucks Corporation; Tim Hortons, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product (Coffee, Other Products)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Coffee Shops Market to Reach $201.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Coffee Shops estimated at US$156.9 Billion in the year 2020, is projected to reach a revised size of US$201.4 Billion by 2027, growing at aCAGR of 3.6% over the period 2020-2027. Coffee, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$123 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Products segment is readjusted to a revised 2.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $35 Billion, While China is Forecast to Grow at 6.3% CAGR
The Coffee Shops market in the U.S. is estimated at US$35 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$12 Billion by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.